Joel Isaacson & Co. LLC lifted its position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 62.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,815 shares of the company's stock after acquiring an additional 49,669 shares during the quarter. Joel Isaacson & Co. LLC owned approximately 0.08% of Vimeo worth $831,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in VMEO. EP Wealth Advisors LLC purchased a new stake in Vimeo during the third quarter worth about $51,000. Hutchens & Kramer Investment Management Group LLC purchased a new stake in shares of Vimeo during the 3rd quarter worth approximately $54,000. Quintet Private Bank Europe S.A. increased its stake in shares of Vimeo by 18.1% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company's stock worth $101,000 after purchasing an additional 3,063 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in shares of Vimeo in the 4th quarter worth approximately $128,000. Finally, Point72 DIFC Ltd bought a new position in Vimeo during the third quarter valued at $141,000. 84.97% of the stock is owned by institutional investors.
Vimeo Stock Performance
Shares of NASDAQ:VMEO remained flat at $6.46 during trading on Wednesday. The company's stock had a trading volume of 745,858 shares, compared to its average volume of 1,186,559. The firm has a market cap of $1.07 billion, a P/E ratio of 32.30 and a beta of 2.21. Vimeo, Inc. has a 12-month low of $3.43 and a 12-month high of $7.90. The firm's 50-day moving average is $6.64 and its 200 day moving average is $5.77.
Analysts Set New Price Targets
A number of analysts have issued reports on VMEO shares. Piper Sandler raised Vimeo from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $7.00 to $10.00 in a research report on Tuesday, December 10th. Truist Financial boosted their price objective on Vimeo from $7.00 to $9.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Finally, TD Cowen increased their target price on shares of Vimeo from $6.00 to $7.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th.
View Our Latest Stock Report on VMEO
Vimeo Profile
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Free Report)
Vimeo, Inc, together with its subsidiaries, provides video software solutions worldwide. It provides the video tools through a software-as-a-service model, which enables its users to create, collaborate, and communicate with video on a single platform. The company also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.
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